Veritone Inc (NASDAQ:VERI) shares, rose in value on Friday, October 11, with the stock price up by 14.66% to the previous day’s close as strong demand from buyers drove the stock to $5.30.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.62, falling within a range of $4.77 and $5.635. The value of beta (5-year monthly) is 3.3. Referring to stock’s 52-week performance, its high was $7.76, and the low was $1.48. On the whole, VERI has fluctuated by 57.19% over the past month.
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With the market capitalization of Veritone Inc currently standing at about $201.72 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-08.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 137.9M, with a low estimate of 31M and a high estimate of 31M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 31M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VERI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The price of VERI currently trading nearly 36.59% and 58.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.62, while the 7-day volatility ratio is showing 13.84% which for the 30-day chart, stands at 10.90%. Furthermore, Veritone Inc (VERI)’s beta value is 3.30, and its average true range (ATR) is 0.43.
A comparison of Veritone Inc (VERI) with its peers suggests the former has fared considerably weaker in the market. VERI showed an intraday change of 14.66% in today’s session so far, and over the past year, it grew by 106.12%%.
Data on historical trading for Veritone Inc (NASDAQ:VERI) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 707.31K. According to company’s latest data on outstanding shares, there are 37.19 million shares outstanding.
Nearly 15.05% of Veritone Inc’s shares belong to company insiders and institutional investors own 23.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.03 million shares as on 2024-09-30, resulting in a short ratio of 10.2. According to the data, the short interest in Veritone Inc (VERI) stood at 1515.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 5.03 million. The stock has risen by 192.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VERI stock heading into the next quarter.
